abrdn plc lifted its stake in shares of Retail Opportunity Investments Corp. (NASDAQ:ROIC – Get Rating) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,374 shares of the real estate investment trust’s stock after acquiring an additional 829 shares during the period. abrdn plc’s holdings in Retail Opportunity Investments were worth $511,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in ROIC. Van ECK Associates Corp grew its position in Retail Opportunity Investments by 66.9% in the fourth quarter. Van ECK Associates Corp now owns 9,252 shares of the real estate investment trust’s stock valued at $181,000 after purchasing an additional 3,709 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Retail Opportunity Investments in the fourth quarter valued at $10,302,000. Yousif Capital Management LLC bought a new position in Retail Opportunity Investments in the fourth quarter valued at $2,165,000. CWM LLC bought a new position in Retail Opportunity Investments in the fourth quarter valued at $30,000. Finally, Nomura Asset Management Co. Ltd. grew its position in Retail Opportunity Investments by 4.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 100,800 shares of the real estate investment trust’s stock valued at $1,976,000 after purchasing an additional 4,100 shares in the last quarter. Institutional investors own 96.17% of the company’s stock.
Retail Opportunity Investments Stock Performance
Shares of ROIC stock opened at $17.15 on Thursday. The stock has a market cap of $2.14 billion, a P/E ratio of 40.83, a P/E/G ratio of 2.05 and a beta of 1.36. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.55 and a quick ratio of 1.55. The company has a fifty day moving average price of $16.52 and a two-hundred day moving average price of $17.85. Retail Opportunity Investments Corp. has a one year low of $15.06 and a one year high of $20.09.
Retail Opportunity Investments (NASDAQ:ROIC – Get Rating) last posted its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.17). Retail Opportunity Investments had a return on equity of 3.85% and a net margin of 17.65%. During the same quarter last year, the firm posted $0.25 EPS. As a group, equities analysts predict that Retail Opportunity Investments Corp. will post 1.1 EPS for the current year.
Retail Opportunity Investments Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Stockholders of record on Friday, September 16th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Thursday, September 15th. This is a boost from Retail Opportunity Investments’s previous quarterly dividend of $0.13. Retail Opportunity Investments’s dividend payout ratio (DPR) is currently 123.81%.
Analyst Ratings Changes
A number of research firms recently weighed in on ROIC. TheStreet raised shares of Retail Opportunity Investments from a “c+” rating to a “b-” rating in a research report on Monday, April 25th. Wells Fargo & Company increased their price target on shares of Retail Opportunity Investments from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, April 7th. Capital One Financial reiterated an “equal weight” rating on shares of Retail Opportunity Investments in a research note on Monday, April 18th. StockNews.com cut shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a research note on Thursday, July 28th. Finally, Jefferies Financial Group cut their price target on shares of Retail Opportunity Investments from $20.00 to $15.00 in a research note on Thursday, June 30th.
About Retail Opportunity Investments
Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely populated, metropolitan markets across the West Coast. As of September 30, 2020, ROIC owned 88 shopping centers encompassing approximately 10.1 million square feet.
Receive News & Ratings for Retail Opportunity Investments Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Retail Opportunity Investments and related companies with MarketBeat.com’s FREE daily email newsletter.